Visa and MasterCard Credit Cards

16th March 2017

When searching for a new credit card, one might research the pros and cons of getting either Visa and Mastercard cards. The below is a good comparison of the two to help one decide which network is best for them. As individual needs do differ even for credit cards. Here we will have a look at Visa and MasterCard cards.

Firstly one has to take into consideration that these networks are actively involved in issuing the actual cards themselves though they bear Visa and MasterCard Cardstheir names or logos. The individual’s bank will publish the card with both the bank’s logo and the portal’s logo, i.e. Visa or Master card. These payment portals are the background infrastructure that facilitates banks. And retailers passing funds between each other from purchases that are made using the cards.

Given that they are just networks sheds light on that they are not that much different. The rewards they offer are very similar. For example, they both offer travel and other insurance. A level of protection for purchases made using their cards. Security against fraudulent use of their cards and car rental usually with travel. Where purchases are made using their cards. The comparison can, therefore, go back to the patron’s bank to see what additional perks they are offering the cardholder such as cash back rewards and the like.

Visa and MasterCard Cards Benefits

Both portals also offer their benefits on loyalty levels. Benefits can, therefore, be redeemed in bundles according to one’s loyalty level. For Visa, the first level is called the base level, while the higher level is the signature level. At the base level, the cardholder has cover should they damage a rental car in a crash. They have cover for purchases made without their consent on their cards. The signature level in addition to this has the concierge service as well as discounts. Also rewards and VIP treatment at participating retail and hospitality members

MasterCard on the other hand also with loyalty benefits offers them at three levels which are the base-lowest level, World idle level and the World Elite. The base is similar to Visa’s base with collision insurance on a rental vehicle, illegal purchase protection, and the emergency helpline. In addition to this MasterCard offers its card holders protection against price. It means if you purchase an item with the visa card and the price of that item decreases in under 60 days. MasterCard pays the cardholder that difference in price, of course, terms and conditions apply

On the world level, this price protection is offered up to 120 days, while they also offer concierge much like that offered on Visa’s highest level. They also have other niceties like the addition of breakfast to a hotel booking and room upgrades at participating hospitality members. Their highest level has all these rewards plus travel discounts and membership in World Elite Cruises and holiday bundles. One must, therefore, determine which perks are important to them

All info was correct at time of publishing